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Tuesday, November 24, 2009

Trade with Other Nations-Holiday Sales

Listen to this Economic podcast and relate your own "holiday prediction" for the economy. Do you think the sales for the post thanksgiving holiday will boost the economy? Predict what will need to happen for it to be a success.

5 comments:

Black Friday, the day after Thanksgiving, is traditionally the time when retailers roll out some of their biggest sales of the season. But the recession has taken a big bite out of consumer spending and confidence. Since retail sales rose 1.4 percent in October, represents a sharp contrast to the 2.3 percent decline in September. Th retailers, business folks that rely on us to buy their "stuff" should initiate legislation to keep the credit card companies from robbing us blind, and stop the practice systematic erosion of our wages and rights as workers, then we could afford to buy their stuff and everyone would be happy.

I think black friday should be fun thing but bussiness men should not rely on that day to sell their product. It is really hard to believe that they make more profit on that day but the problem is they give away stuff for around 50% discounts. Now it it time to think that if they make more profit on that day and they give us 50% of discount how would they change prizes to fit their prices and our profit. It is impossible to believe that they don't just cheat but they made more money out of us. Some times they put stuff that been return by other customers. They also give some interasting stuff like laptops, guitars to catch the customer but we end up buying more stuff than we need.

Previously negotiated free-trade deals with Panama, Colombia and South Korea languish in Congress with no push from the White House. It's all helped fuel the perception that for the first time in decades, the U.S. lacks a clear trade policy.

Since World War II, both Republican and Democratic presidents have pursued free-trade deals that opened markets for U.S. products. Obama hasn't rejected that record, but he's clearly hitting reboot.

His stance reflects the dominant view in his Democratic Party, whose union base often opposes trade pacts, and whose liberals echo their concerns. Some 128 Democrats in the House of Representatives — about half the Democratic caucus — are co-sponsoring legislation that would require a comprehensive review of the economic impact of existing trade agreements before any new ones are entered.

In February, Obama spelled out principles that would guide him in negotiating future trade agreements, and he's ordered a top-to-bottom review of trade policy.

I think black firday has its good points and its bad points. One its that it helps the economy but also a lot of people get hurt because of the good sales. They fight for the best objects and get hurt in the process. Well with all this sales it makes a lot of money so it helps the economy that one thing is important.

Black friday should be a fun thing to do but instead there always accidents, because we have so many offers and discounts. On specials offerts there is always accidents. Its good for store owners because everybody buys but its bad because to many accidents.